Effect of Light and Heavy Industries Energy consumption on economic in Thailand
Keywords:
Energy Consumption, GDP, FDI, Heavy industry, Light industry, ThailandAbstract
Thailand’s light and heavy industries energy consumption’s effect on the economy is the most used indicator for studying the movement of Gross Domestic Products (GDP) and Foreign Direct Investment (FDI). This paper uses the time series data and Least Squares (LS) NLS and ARMA (Autoregressive moving average model) method to test the confidence of the data and all the results will be put into a summary. In this paper, we found relationships between energy consumption, GDP and FDI the empirical results fully support a positive relationship between them and it is found that if the economy has a lower growth rate but does not reduce the energy consumption (in quantitative terms), heavy industries energy consumption in Thailand has no trends or signal to reduce energy consumption but in the opposite direction it increases energy consumption every year.
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